Michael Wolffs
Condo development and 1031 exchange
I have bought and am renovating a 3 unit building. I'm now going over my options to get my money out of this building. My choice are rent and hold, sell a single unit, or convert the units to condos and sell them in...
Eric Sullivan
Completed/Sold 8 Condos in Salem Massachusetts
Investment Info:
Large multi-family (5+ units) fix & flip investment in Salem.
Purchase price: $950,000
Cash invested: $285,000
Sale price: $2,000,000
Purchased as an 8 unit apartment buildin...
Jeremiah Dye
People buying tax liens and fraudulently trying to evict
Here in Oklahoma City there's been a group or person paying off property tax liens and then making fake eviction and foreclosure notices trying to get the owners to legally sign property over. Here in Oklahoma I'm gat...
Kent Lyons
Portfolio Valuation - 6 duplexes
I've come across a portfolio of duplexes and I'm not sure how I'd go about valuation. There are 6 duplexes (12 doors) on the same block for sale in a package the seller won't split. In terms of financing/valuation, wo...
Leah Hill
Note holder not allowing sellers to sell
Hey all!Happy Saturday! We are under contract on an investment property with a closing in two weeks. However, we were informed today that our closing has to be pushed off to a far-off future date (rate will no longer ...
Clark Harbaugh
How to minimize taxes when dissolving partnership
We are starting the process of dissolving our investment business (LLC) that has two partners. We know we have to sell 1 property, but the rest will probably be distributed equally. My question is when we sell the pr...
Account Closed
Buying Land at a County Tax Sale to Flip?
Hello!I was thinking of purchasing land in a county tax sale to eventually flip. Does anyone have any experience with something like this? I've bought and sold land before (from individual sellers not at tax sales), b...
Jacob Thompson
Questions about 1031s and partnerships
Hello:
To this point, I've always bought investment property as an individual. I'm about to form a partnership to buy property with someone, and I'm not sure how the 1031 rules might apply here.
1. Can I take invest...
Bao Vu
Question regarding Tax on a Flip
Hello everyone, I have a question regarding taxes on a flip as I am prepping the books. My partners and I purchased a property late 2023 and finished the renovation and sold the property in March of 2024. After all ex...
John Fenn
passive losses real estate
my wife and I own 5 rental properties in an LLC (fed partnership structure). in the early years, the business was run by a management company and we accumulated significant passive loss carryovers. my wife retired and...